IPA Fintech GlossaryThis glossary is designed to give an overview of the most common terms used by the Fintech industry. It includes definitions of the types of services, common transaction terms, and high-level definitions of several regulatory concepts.
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Specialty Bank TrendMany fintechs say that they are “democratizing” some aspect of financial services, but the trend in new
start-ups seems to indicate that fintech entrepreneurs are more interested in creating exclusive clubs. |
Anti-Money Laundering(IPA) encourages practices that reduce opportunities for prepaid access to be used in illicit activities and to support national (and international) efforts combating money laundering, terrorist financing and financial crime.
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Serving the UnderservedThe need around the world to provide safe and convenient financial tools persists. Providing these tools to the underserved can produce life-altering benefits. Despite documented improvements and new solutions, reducing the ranks of the unbanked has proven difficult however, particularly in the United States.
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